Last April, the Reserve Bank of India had placed restrictions on Kotak Mahindra Bank citing numerous IT discrepancies and underlying many more issues. However, on 12 February 2025, the RBI lifted the restrictions from the bank and allowed it to onboard new customers and offer credit cards.
Is this the start of a new era for this bank? In this article we will try to look at the highlights of the business.
About the company
Kotak Mahindra Bank is a diversified financial services group that provides a wide range of banking and financial services including Retail Banking, Treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory services, Asset Management, Life Insurance, and General Insurance.
It is India’s 4th largest private bank in India in terms of Balance Sheet size as of September 2025. It also has its operations in UK, USA, Gulf region, Singapore and Mauritius.
Technical Highlights
After more than 4 years of trading in a range-bound market, Kotak Mahindra Bank gave a breakout and is currently trading at Rs 2,134 per share, and is trading above 200-DMA. However, a 14-period RSI of 69.60 signifies an overbought stance.
Analyst Recommendation
As per the report published by Sharekhan, Kotak Mahindra Bank has a target of Rs 2,500 per share, signalling a potential upside of 17 percent, stating that the bank is expected to deliver a loan growth of 1.5-2.0x the nominal GDP growth and sustain RoA over ~2% in the near to medium term.
Financial Highlights
The company reported a net total income of Rs 9,819 crores in Q3 FY25, up by 11 percent from its Q3 FY24 net total income of Rs 8,851 crores. It also reported a profit after tax of Rs 3,305 crores in Q3 FY25, up by 10 percent from its Q3 FY24 profit after tax of Rs 3,005 crore.
It also reported a surge of 15 percent in its total deposits. It reported a total deposit of Rs 4,58,614 crore in Q3 FY25 as compared to total deposits of Rs 3,98,908 crore in Q3 FY24. As of December 2024, the company has a strong customer base of 5.2 crore, up by 8.3 percent from its existing base of 4.8 crore as of December 2023.
Written by Satyajeet Mukherjee
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